The Berkeley Group (LON:BKG) Hits New 52-Week Low - What's Next?

Key Points

• New 52-week low: The stock hit an intraday low of GBX 2,796 and last traded at GBX 3,104 (previous close GBX 3,436) on volume of 2,059,553, trading below its 50- and 200-day moving averages.
• Analysts still bullish overall: Four Buys, one Hold and one Sell give an average "Moderate Buy" rating with an average target of GBX 4,433, and notable upgrades include JPMorgan raising its target to GBX 5,000.
• Valuation snapshot: market cap ~£2.92 billion, PE ratio 8.41 and PEG -0.87, with a current ratio of 3.54 and reported debt-to-equity of 18.94, indicating seemingly low valuation but mixed balance-sheet signals.

The Berkeley Group Holdings plc (LON:BKG - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 2,796 and last traded at GBX 3,104, with a volume of 2059553 shares. The stock had previously closed at GBX 3,436.

Analysts Set New Price Targets

Several research firms have recently weighed in on BKG. Royal Bank Of Canada raised shares of The Berkeley Group to a "sector perform" rating and set a GBX 3,900 price target on the stock in a research note on Wednesday. Bank of America raised shares of The Berkeley Group to a "buy" rating and dropped their price objective for the company from GBX 4,080 to GBX 4,020 in a research note on Monday. Finally, JPMorgan Chase & Co. upgraded shares of The Berkeley Group to an "overweight" rating and increased their price objective for the company from GBX 4,700 to GBX 5,000 in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 4,433.17.

The Berkeley Group Trading Down 0.4%

The company has a market capitalization of £2.92 billion, a PE ratio of 8.41, a PEG ratio of -0.87 and a beta of 1.19. The company has a fifty day simple moving average of GBX 3,992.22 and a 200-day simple moving average of GBX 3,919.74. The company has a current ratio of 3.54, a quick ratio of 0.57 and a debt-to-equity ratio of 18.94.

About The Berkeley Group

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England. Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people's lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders. We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.

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